Many utilities are regulated with respect to prices and quality, and there is uncertainty about market conditions when regulation is chosen. We consider four different regulation regimes, based on two-part tariffs: A cap on the fixed fee is combined with either (i) quantity and quality...

Subjective performance evaluation is modeled as auditing without commitment. A superior, who has to decide whether an where to audit the work done by a subordinate, takes into account all interim information he has obtained in the meantime. This invites workers to cover up and withhold...

It is widespread international practice that cargo liners meet at regular conferences to fix prices and quotas for individual routes. Presently, however, the respective European regulation granting liners an exemption from competition laws is under review. Liners claim that conferences are a...

A firm can either subject its workers to strict rules and regulations or grant them independence. If independent, they can make entrenchment-investments which will not only raise their productivity but also make the firm depend on their cooperation. However, in contrast to a standard holdup...

In this paper the strategic transport policy assessment instrument HIGH-TOOL is presented. The model has been developed for the European Commission, allowing policy-makers to identify the most advantageous transport policies and to strategically evaluate the impacts of transport policies on...